Some types of savings accounts come with minimum balance requirements. Here’s a look at the typical minimum balance needed to open a traditional savings accounts or CD.
Rising numbers of unbanked or underbanked individuals, largely due to unmet minimum balance requirements, have become a growing concern. However, organizations across Oakland are stepping up, waging a war against the financial illiteracy that’s plaguing some residents. Up to 4% of Alameda County’s residents lack access to basic banking services, with Black and Hispanic communities making up the majority of that unbanked or underbanked population. | By Magaly Muñoz Rising numbers of unbanked or underbanked individuals, largely due to unmet minimum balance requirements, have become a growing concern. However, organizations across Oakland are stepping up, waging a war against the financial illiteracy that’s plaguing some residents. Up to 4% of Alameda County’s residents lack access to basic banking services, with Black
What is a money market account — is it a savings or a checking account? Surprisingly, it's a little of both. But money markets also have their own unique features that set them apart. Here's what you need to know.